United Kingdom: Market for Propan-1-Ol (Propyl Alcohol) And Propan-2-Ol (Isopropyl Alcohol) 2024

Market Size for Propan-1-Ol (Propyl Alcohol) And Propan-2-Ol (Isopropyl Alcohol) in the UK

The UK propyl and isopropyl alcohol market skyrocketed to $X in 2022, growing by 28% against the previous year. Overall, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Propan-1-Ol (Propyl Alcohol) And Propan-2-Ol (Isopropyl Alcohol) in the UK

In value terms, propyl and isopropyl alcohol production expanded slightly to $X in 2022 estimated in export price. In general, production recorded a resilient expansion. The most prominent rate of growth was recorded in 2017 with an increase of 242%. Propyl and isopropyl alcohol production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Propan-1-Ol (Propyl Alcohol) And Propan-2-Ol (Isopropyl Alcohol)

Exports from the UK

In 2022, the amount of propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) exported from the UK expanded to X tons, growing by 1.9% on the year before. Overall, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when exports increased by 38%. Over the period under review, the exports hit record highs at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, propyl and isopropyl alcohol exports fell to $X in 2022. Over the period under review, exports showed mild growth. The most prominent rate of growth was recorded in 2020 with an increase of 53%. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The Netherlands (X tons), Ireland (X tons) and Bangladesh (X tons) were the main destinations of propyl and isopropyl alcohol exports from the UK, with a combined 49% share of total exports.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +26.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for propyl and isopropyl alcohol exported from the UK were Ireland ($X), France ($X) and the Netherlands ($X), together accounting for 36% of total exports. Bangladesh, Germany, Italy, Spain, Hong Kong SAR, Belgium, Pakistan, Jordan, Turkey and Algeria lagged somewhat behind, together accounting for a further 39%.

Algeria, with a CAGR of +26.6%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average propyl and isopropyl alcohol export price stood at $X per ton in 2022, reducing by -5.3% against the previous year. Overall, the export price, however, showed a modest expansion. The pace of growth was the most pronounced in 2017 when the average export price increased by 46%. The export price peaked at $X per ton in 2021, and then fell in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ireland (+8.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Propan-1-Ol (Propyl Alcohol) And Propan-2-Ol (Isopropyl Alcohol)

Imports into the UK

In 2022, imports of propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) into the UK expanded slightly to X tons, with an increase of 4% compared with the year before. Overall, imports, however, recorded a pronounced decline. The most prominent rate of growth was recorded in 2020 with an increase of 50%. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, propyl and isopropyl alcohol imports surged to $X in 2022. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 99% against the previous year. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

The Netherlands (X tons), Germany (X tons) and Ireland (X tons) were the main suppliers of propyl and isopropyl alcohol imports to the UK, with a combined 69% share of total imports. South Africa, the United States, Belgium and South Korea lagged somewhat behind, together accounting for a further 24%.

From 2012 to 2022, the biggest increases were recorded for South Africa (with a CAGR of +995.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest propyl and isopropyl alcohol suppliers to the UK were the United States ($X), the Netherlands ($X) and Germany ($X), together comprising 69% of total imports. South Africa, Ireland, Belgium and South Korea lagged somewhat behind, together comprising a further 22%.

Among the main suppliers, South Africa, with a CAGR of +669.5%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average propyl and isopropyl alcohol import price amounted to $X per ton, rising by 34% against the previous year. Overall, import price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, propyl and isopropyl alcohol import price increased by +69.0% against 2019 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Ireland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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